<span item_type="fundamental" item_id="353756cc6b209f1ac76772996c5750eb" counter_id="ST/US/QSEAR" env="prod"></span><span item_type="announcement" item_id="536769887664607489" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.01.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>General and Administrative Expenses</strong>: For the three months ended May 31, 2025, expenses were $727,747, and for the six months ended May 31, 2025, expenses were $761,251.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended May 31, 2025, the net loss was - $27,147, and for the six months ended May 31, 2025, the net loss was - $58,402.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended May 31, 2025, net cash used was - $621,127.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: For the six months ended May 31, 2025, net cash used was - $83,400,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the six months ended May 31, 2025, net cash provided was $83,759,249.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Interest Income</strong>: For the three months ended May 31, 2025, interest income was $700,600, and for the six months ended May 31, 2025, it was $702,849.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Quartzsea Acquisition Corporation plans to complete a business combination with Broadway Technology Inc, with an aggregate consideration of $520,000,000 payable in newly issued shares. The merger aims to acquire 100% of Broadway Tech’s equity securities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has not engaged in any operations or generated revenues to date and is focused on identifying a target company for a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625005007/quartzsea_10q.htm"></span></li></ul>

QUARTZSEA ACQUISITION CORP ORD USD0.0001 (18/02/2030) (S/R) | 10-Q: FY2025 Q2 EPS: USD -0.01